First Quantum Minerals (OTCMKTS:FQVLF) Reaches New 1-Year High – Here’s What Happened

First Quantum Minerals Ltd. (OTCMKTS:FQVLF) reached a new 52-week high on Monday . The company traded as high as $28.46 and last traded at $28.36, with a volume of 10413 shares traded. The stock had previously closed at $27.10.

Analyst Ratings Changes

FQVLF has been the topic of a number of recent research reports. Scotiabank restated a “sector perform” rating on shares of First Quantum Minerals in a research note on Tuesday, October 28th. Deutsche Bank Aktiengesellschaft lowered First Quantum Minerals from a “buy” rating to a “hold” rating in a report on Wednesday, November 26th. Morgan Stanley restated an “overweight” rating on shares of First Quantum Minerals in a report on Tuesday, December 16th. Citigroup reaffirmed a “buy” rating on shares of First Quantum Minerals in a research report on Wednesday, October 8th. Finally, BMO Capital Markets reiterated an “outperform” rating on shares of First Quantum Minerals in a research note on Wednesday, October 29th. Two equities research analysts have rated the stock with a Strong Buy rating, six have issued a Buy rating and six have given a Hold rating to the company. According to MarketBeat, First Quantum Minerals currently has a consensus rating of “Moderate Buy”.

First Quantum Minerals Stock Performance

The company has a debt-to-equity ratio of 0.45, a quick ratio of 1.08 and a current ratio of 1.94. The stock’s 50-day simple moving average is $23.10 and its two-hundred day simple moving average is $20.24. The stock has a market cap of $23.77 billion, a price-to-earnings ratio of 569.91 and a beta of 1.33.

First Quantum Minerals (OTCMKTS:FQVLF) last posted its quarterly earnings data on Tuesday, October 28th. The basic materials company reported ($0.02) earnings per share for the quarter, missing the consensus estimate of $0.08 by ($0.10). The business had revenue of $1.35 billion for the quarter, compared to analyst estimates of $1.47 billion. First Quantum Minerals had a return on equity of 0.29% and a net margin of 0.92%. Analysts forecast that First Quantum Minerals Ltd. will post 0.03 earnings per share for the current year.

About First Quantum Minerals

First Quantum Minerals Ltd. is a Canada-based mining company principally engaged in the exploration, development, production and marketing of copper and other mineral commodities. Headquartered in Vancouver, British Columbia, the company develops and operates large-scale open-pit and underground mines and associated processing facilities. Its activities span the full value chain from exploration and feasibility studies through to mining, milling and the sale of concentrates and refined metals to global customers.

Copper is the company’s primary product, produced alongside by-products such as gold, nickel, zinc and cobalt depending on the orebody.